Shares

Adamas strengthens move to strategic partnership with 3.08 per cent holding

More than three per cent of AIM-quoted group China Private Equity Investments (CPE) is now held by the Hong Kong-based asset management firm Adamas Asset Management (formerly Gen2 Capital Partners) following recent share purchases on the open market.

The increased shareholding, to 3.08 per cent, is in line with the objective of creating a long-term strategic partnership between the two groups, first announced last November.

Adamas, which had assets under management of approximately USD500m at end 2012, said in the November announcement it aims in due course to become a significant shareholder in CPE.

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